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Business News
Luxury automakers scramble to woo young Chinese
BEIJING (AP) -- At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market....
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Shares mixed on lackluster China data
TOKYO (AP) -- Shares were mixed Wednesday, as weak data from China sapped the upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector....
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Valeant, Ackman make $45.6B Allergan bid
NEW YORK (AP) -- Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45.6 billion....
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Amgen misses 1Q views as higher costs cut profit
Despite higher sales, biotech drugmaker Amgen's first-quarter profit fell 25 percent as production and research costs rose sharply. Last year's quarter also gained from a tax benefit....
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Yum's profit rises as KFC sales in China rebound
NEW YORK (AP) -- Yum Brands reported a higher-than-expected profit for its first quarter highlighted by a rebound in KFC sales in China, where concerns about the safety of the chain's chicken supply eased....
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